Differences in marginal revenue products among workers can help explain the presence of wage differentials

According to the law of diminishing marginal utility, which of the following is likely to be true? a. Bruce enjoys his first slice of pizza more than his fifth

b. Steve enjoys his third slice of pizza more than his second. c. Tony enjoys his second slice of pizza as much as his fifth. d. Ethan enjoys two slices of pizza as much as one slice of pizza.

With the value of money on the vertical axis, the money supply curve is

a. upward sloping because people supply a larger quantity of money when the value of money increases. b. downward sloping because people supply a larger quantity of money when the value of money decreases. c. horizontal because we assume the central bank controls the money supply d. vertical because we assume the central bank controls the money supply.